Extended Technical View ๐
1. Price Structure & Chart Pattern
BTC is consolidating in a wide range $107Kโ$116K, forming a sideways structure after recent pullback.
The overall trendline from $95K (mid-June low) is still intact โ higher lows = bullish structure.
Volume has tapered off, suggesting market is waiting for a catalyst (macro news, ETF inflows, Fed signals).
2. Key Technical Levels
Immediate Support: $107,000โ108,000
Major Support Zone: $103,500โ105,000
Immediate Resistance: $116,000โ118,000
Major Resistance Zone: $122,000โ125,000
๐ If BTC holds above $107K โ bullish continuation possible.
๐ A close under $105K โ risk of flush toward $100Kโ101K.
3. Indicators
RSI (Daily ~40) โ slightly oversold, room to bounce.
MACD โ still bearish but flattening = early signs of momentum loss on the downside.
Bollinger Bands โ price is hugging lower band, suggesting potential rebound if no breakdown.
EMA Cluster (20โ50) โ sitting around $115โ116K, needs breakout above this to confirm upside
#technical_analysis #technicalanalyst #BTC_ANALYSIS $BTC
